Avient Corp [AVNT] stock prices are up 3.54% to $41.57 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AVNT shares have gain 5.59% over the last week, with a monthly amount drifted -13.97%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Avient Corp [NYSE: AVNT] stock has seen the most recent analyst activity on October 18, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Deutsche Bank upgraded its rating to Buy on August 07, 2024, and elevated its price target to $52. On November 06, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $37 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $50 on February 16, 2023. Deutsche Bank initiated its recommendation with a Buy and recommended $40 as its price target on October 17, 2022. Oppenheimer downgraded its rating to Perform for this stock on September 28, 2022. In a note dated February 11, 2021, Stifel upgraded an Buy rating on this stock but restated the target price of $54.
The stock price of Avient Corp [AVNT] has been fluctuating between $35.50 and $54.68 over the past year. Currently, Wall Street analysts expect the stock to reach $52 within the next 12 months. Avient Corp [NYSE: AVNT] shares were valued at $41.57 at the most recent close of the market. An investor can expect a potential return of 25.09% based on the average AVNT price forecast.
Analyzing the AVNT fundamentals
The Avient Corp [NYSE:AVNT] reported sales of 3.21B for trailing twelve months, representing a surge of 8.16%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.07 points at the first support level, and at 40.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.84, and for the 2nd resistance point, it is at 42.11.
Ratios To Look Out For
It’s worth pointing out that Avient Corp [NYSE:AVNT]’s Current Ratio is 1.63. Further, the Quick Ratio stands at 1.21, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 1.61 and price to earnings (TTM) ratio is 25.56.
Transactions by insiders
Recent insider trading involved Rathbun Joel R., SVP, Mergers & Acquisitions, that happened on Nov 07 ’24 when 5762.0 shares were sold. Officer, Rathbun Joel R. completed a deal on Nov 07 ’24 to buy 5762.0 shares. Meanwhile, SVP, Mergers & Acquisitions Rathbun Joel R. sold 11698.0 shares on Aug 07 ’24.
